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INTER RAO Lietuva Group announces financial results for 2018 – Trading volumes and profits increase y/y

  • Electricity sales volume increased to 6 235 GWh in 2018 versus 4 758 GWh in 2017.
  • During 2018 the client base of the Group increased to 1 453 from 1 433 in 2017.
  • Revenues from sales increased to EUR 288.3 million, compared to EUR 179.4 million in 2017, thanks to higher amount of electricity sold and higher prices in the NordPool system.
  • Group’s gross profit in 2018 increased to EUR 22.7 million from EUR 18.4 million in 2017.
  • Operating profit increased by EUR 4 million y/y and reached EUR 14.9 million.
  • Group’s net profit reached EUR 11.5 million compared to EUR 9 million in 2017.
  • Group’s EBITDA reached EUR 17.7 million, while the EBITDA margin decreased to 6.2%.
  • Electricity production at the Vydmantai wind farm decreased by 21.3% y/y due to worse wind conditions in the area.
  • The electricity trading volume in Poland amounted to 330 GWh versus 305 GWh in 2017.